pakistan in 1950s.
. .By 1960s he joined United bank based on pakistan and after meeting with king of Abu Dhabi he convinced him to start BCCI. He was keen to expand banking areas that would benefit the poorer section of socoiety.Introduction
 Agha Hasan Abedi:he was bank employee in Habib bank in karachi.

.  With in a decade BCCI touches its peak and started operated in 78 countries with 400 branches and had assets of US $20bn  It was 7 largest private bank in world.Introduction
 BCCI was a major nationalized bank founded in 1972.

Causes failure
 Losses in treasury operations and poor lending  Manipulation in account  poor Internal control  Non disclosure to Bank regulator and their clients  Insufficiency of Funds  spread over up to Top level management.
.

 CEO Naqvi of BCCI has made false document to deceive the auditor.
.8bn and as a result of it Naqvi had appealed share holders for additional raising of Equity and raised $400mn equity.Auditors move
 Two firms Ernest & Whinney and Price Waterhouse  In 1987 it was decided to have only 1 Auditing firm that is Price water house.  Auditors reported BCCI need additional finance of £1.

 Auditors were anxious to move ahead with refinance and restructuring of BCCI.Auditors report
 Price waterhouse had faced 2 issues that is of
Financial Viability of BCCI Possibility of Fraud.
.  Price waterhouse were not informed only 2 days before the closure.

 Two auditors were one of the major issue in the Bingham report.]  According to bingham without Whistle blower¶s action price waterhouse have taken longer time to gather evidence of fraud.
.The Bingham Report
 Main critics was that on the one hand price waterhouse was auditor of BCCI while on the other hand it was also earning huge fees from Management consultant.

Bingham Report
 Bingham identified he called a ³Problem of culture´ at the bank where officials were rather easily deterred shed away from tackling difficult problems head on were over concerned about criticism and repeatedly made inadequate responses on supervisory matter
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